Saturday, 22 February 2025

Central and South America

FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo
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Copper output at Chile’s Codelco rose to 1.328 million tons in 2024, document shows

Codelco's 2024 copper output hit 1.328M tons, slightly above 2023, despite challenges like declining ore grades and project issues.

FILE PHOTO: Argentina's President Javier Milei delivers a speech during a lunch of the Uruguay's Marketing Managers Association (ADM), on the sidelines of the Mercosur Summit in Montevideo, Uruguay, December 6, 2024. REUTERS/Mariana Greif/File Photo
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Argentina privatizes state metal firm in Milei era first

The company's shares will be transferred to the U.S.-based consortium Industrial Acquisition Fund, whose top partner is Arc Energy.

Mombak biologist Severino Ribeiro says the project's aim is to 'simulate nature' (AFP)
AnalysisBiodiversityClimateClimate FinanceEmissionsEmissions MarketsEnvironmentIndigenousRegulationsTradeVoluntary Carbon Markets (VCMs)

In Brazil, an Amazon reforestation project seeks to redeem carbon markets

By planting native species in the Amazon, Brazilian company Mombak hopes to restore credibility to a scandal-ridden carbon market.

With 200 workers laboring seven days a week, the largest open-air market in Latin America reflects the transformation currently underway in the Brazilian city, which is preparing to host COP30 in November -- the first UN climate conference in the Amazon (AFP)
AnalysisClimateClimate FinanceEmissionsEnvironmentIndigenousUnited Nations

Brazil gears up for first climate conference in Amazon

Experts view the UN conference as a crucial chance for humanity to reverse the warming trend with firm commitments to reduce emissions.

FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo
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Chile’s Codelco copper output up ‘slightly’ in 2024, Chairman tells paper

Codelco is expected to have binding offers for its Maricunga lithium project in the first quarter of 2025.

Thick plumes of smoke at times clouded major cities including Brasilia, Rio de Janeiro and Sao Paulo last year (AFP)
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Brazil’s Amazon saw highest number of fires in 17 years: agency

In 2024, Brazil's Amazon saw 140,328 fires, the highest in 17 years, amid a lengthy drought and ongoing deforestation efforts.

FILE PHOTO: The logo of Vale SA is pictured in Rio de Janeiro, Brazil, August 7, 2017. Picture taken August 7, 2017. REUTERS/Ricardo Moraes/File Photo
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Brazil’s Vale reaches $1.8 billion railway concessions deal

Vale agrees to pay up to 11 billion reais for railway concessions, revising contracts extended to 2057 under new terms.

A fishing boat remains stranded after strong waves hit in Lobitos, Talara Province, Peru, on December 27, 2024 (AFP)
BusinessIndustryMaritimeNewsTradeWeather

One dead in Ecuador, Peru ports closed amid massive waves

Massive waves up to four meters high are battering Ecuador and Peru, closing 91 ports and resulting in at least one death.

FILE - Ashaninka's territory sits along the winding Amonia River in Acre state, Brazil, June 22, 2024. (AP Photo/Jorge Saenz, File)
AnalysisBiodiversityClimateClimate FinanceEmissionsEnvironmentIndigenousPoliticsResiliencyWeather

Drought, fires and deforestation battered Amazon rainforest in 2024

2024 was a brutal year for the Amazon rainforest, with rampant wildfires and extreme drought ravaging large parts of the biome.

A drone view shows BYD's new electric vehicle (EV) factory's construction site in Camacari, Brazil December 26, 2024. REUTERS/Joa Souza
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What happens next to workers in ‘slavery-like conditions’ at BYD’s site in Brazil?

Brazil rescues 163 Chinese workers from BYD site in "slavery-like conditions"; negotiations for their protection ongoing.

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